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Hi Carsten,
Wolfe Waves do indeed form as triangles, or wedges, but with three
additional provisions:
1. You do not buy or sell the breakout; instead, you enter earlier, at the
rebound from the opposite edge of the triangle while it is still forming.
2. There is a target line that results from a "balance of powers" - action
and reaction. This is Bill Wolfe's main discovery, IMHO, and it is amazing
how often that line is reached.
3. An "expected time of arrival" is also given.
Best regards,
Michael Suesserott
> -----Ursprungliche Nachricht-----
> Von: Calue [mailto:Calue@xxxxxx]
> Gesendet: Saturday, November 16, 2002 18:44
> An: realtraders@xxxxxxxxxxxxxxx
> Betreff: Re: [RT] A Failed Wolfe Wave That Made Money
>
>
> Some great charts are shown on the WolfeWaves but forgive my
> ignorance...aren't it "just" some ascending and descending triangles where
> you connect point 1 and 4 to get a target?
> I couldn't find a big difference to the triangles but maybe I miss
> something...
> anway thanks for the work and effort
> carsten
>
> ----- Original Message -----
> From: <MikeSuesserott@xxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Thursday, November 14, 2002 5:15 PM
> Subject: [RT] A Failed Wolfe Wave That Made Money
>
>
> > Those interested in Wolfe Waves might find it instructive to see how
> > sometimes a Wolfe Wave may apparently be well-formed and yet
> fail to reach
> > full maturity. This often happens when extraneous excitement is
> influencing
> > the market.
> >
> > That's what happened yesterday. Greenspan's remarks plus the Iraqi
> > acceptance created a Wolfe Wave built on wild emotional swings;
> > consequently, one wouldn't expect it to hit the target, and it didn't.
> > Those who went short at the #5 point were still rewarded - see attached.
> >
> > Best regards,
> >
> > Michael Suesserott
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
>
>
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